Tencent chief to donate 100 million shares

The professionally managed fund will support healthcare, education and environment protection

Ma Huateng, chief executive officer and chairman of the board of Tencent Holdings Ltd, announced on Monday a plan to donate 100 million shares in the Hong Kong-listed internet giant to a charity fund.

The fund, which is to be set up and managed by a team of professionals, aims to support healthcare, education, environmental protection and other philanthropic efforts in the Chinese mainland, as well as innovation projects related to cutting-edge technologies and basic sciences research globally.